Vanessa A
Expert Alumni

Get your taxes done using TurboTax

It really depends.

 

If you are each earning around $25,000 a year and have no dependents, then getting married is not going to affect you one way or the other.  

 

If one of you have a dependent and the other does not, then you may end up slightly in a worse position as then for 2024 the one with the dependent would have a federal standard deduction of $21,400 while the other one would have a standard deduction of $14,600.  So you would be in a slightly worse position.

 

If one of you earn $10,000 and the other earns $25,000, then you would be in a better position as you would have a standard deduction of $29,200 which means your taxable income would be $5,800.  In this case you would make out better.

 

Overall, there is not a giant tax break for married couples.  You are basically combining your income and combining your standard deduction.  You do not get extra credits or deductions for just being married. 

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